presume they will be able to run both drigs simultaneously then, or there are other plans that we aren't aware of yet, but you can be pretty certain they wouldn't buy a 2nd drill rig if they didn't think they needed to and/or worked out the economics of it. they've also said in the past if they aren't using a rig they can lease it out and earn income on it, so it's never going to sit idle
i have no issue with them doing a capital raise if we get some significant SP appreciation, any smart management team would do the same if they envisaged a big 12 months ahead which these guys have clearly stated
if they want to do a raise at 20c they only have to issue another 10m shares and they have raised $2m which matches the previous raise in June 2020 where they had to issue nearly 60m shares
NES Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
